The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.Trading Nationread more
A sell-off in chip stocks intensified on Monday following a report that semiconductor makers are cutting ties with Huawei following the Trump administration's restrictions.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Sprint and T-Mobile US on Monday will announce a series of changes to their $26 billion deal, while U.S. regulators are expected to announce agreement on the conditions...Technologyread more
Wedbush cuts its price target on Tesla shares to $230 from $275.Investingread more
The suit claims Lyft failed to disclose issues it knew about concerning its bike-sharing program and labor.Technologyread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Personal Financeread more
Bostic expressed confidence in the economy, and in the Fed's position on monetary policy, during an interview Monday with CNBC's Steve Liesman on "Squawk Box."The Fedread more
Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector.Marketsread more
It's true that the economy is improving and more people have jobs, but Generation Y members are still worried about the affordability of buying or leasing a car, according to a new study from Deloitte.
Among Gen Y respondents—whom the study defines as people born between 1977 and 1994—61 percent plan to buy or lease a car within the next three years and 23 percent within the next year; 8 percent have no plans to buy or lease a vehicle.
(Read more: The coolest cars at the Detroit Auto Show)
Among the respondents who don't own or lease now, 80 percent said they cannot afford to buy a new car, with 75 percent expressing concerns about operational and maintenance costs.
"Affordability is a huge issue for Gen Y," said Joe Vitale, global automotive sector leader at Deloitte. "Many in Gen Y have had a tough time financially, and that impacts their decisions."
The percentage of new vehicles going to 18- to 34-year-olds fell in 2013, despite automakers and auto dealers' offering leases with payments as low as $200 a month, according to Edmunds.com.
Rising prices area likely factor. According to Kelley Blue Book, the average price paid for a new vehicle was $32,086.00 last year—almost $400 more than in 2012.
Higher costs have become a challenge not just for Gen Y consumers but for automakers. Attracting younger buyers becomes more difficult as the price tag for a new vehicle edges higher.
The group is also affected by their desire to be connected at all times, Vitale said, adding that "40 percent of Gen Y prefers taking public transportation so they can stay connected with their friends."
(Read more: This clunker could be worth $2 million)
The indifference doesn't surprise Craig Giffi, leader of Deloitte's U.S. auto industry practice, who said that Gen Y "is three times as likely as other generations to step away from buying or leasing a car."
A particularly interesting survey result involves Gen Y's attitudes about fuel-efficient, green cars.
Fifty-three percent think they will be driving an alternative engine vehicle five years from now, with gas-electric hybrids being the most preferred option. Further, 61 percent of those surveyed support government programs that reward consumers for choosing alternative or high-efficiency engines.
(Read more: GM's new CEO draws a big following)
"They are more likely than other generations to support government subsidies for alternative power cars," Giffi said.
—By CNBC's Phil LeBeau. Follow him on Twitter .
Questions? Comments? BehindTheWheel@cnbc.com.